Mixed-Use Property with Communications
1320 Eddie Dowling Highway, Lincoln, RI 02865
For Sale
$2,990,000
Two connected levels combine office, showroom, retail, and warehouse areas under BL-0.5 zoning.
Property Size20,027 SF
Price / SF$149.30
Days on Market62
Property Features for 1320 Eddie Dowling Highway
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Corner Location
Highway Access
Mixed-Use Components
Additional Details
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
communications tower
Cat-5 wiring
backup generator
Building Details
Year Built
Buildings
Stories
Building Size
Listing Agency:
The Agency Narragansett
Listed By:
The Local Group
(401) 363-3710
Source:
Baker21
Added: Sep 9
Changed: Nov 7
Last Checked: Nov 9 at 5:15PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Agency Narragansett
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Investment Insights
Based on property information with market context.
Built in 1970, this mixed-use property contains approximately 20,027 square feet across two interconnected levels on a site exceeding 3 acres. Its configuration brings executive offices together with showroom and retail areas, plus service and warehouse space. Infrastructure includes a 160-foot communications tower, Cat-5 wiring throughout, a 100-kW backup generator, and more than 150 parking spaces.
The property is located at the intersection of Route 99, I-295, and Route 146 in Lincoln, Rhode Island. BL-0.5 (Business Limited) zoning allows a range of commercial uses by right or by special permit.
The property is located at the intersection of Route 99, I-295, and Route 146 in Lincoln, Rhode Island. BL-0.5 (Business Limited) zoning allows a range of commercial uses by right or by special permit.
Key Highlights
- Approximately 20,027 square feet across two interconnected levels
- Site spans more than 3 acres
- 160‑foot communications tower and Cat‑5 wiring throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$236,569
Cap Rate
7.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,731,380
$4.7M
Cap Rate 7%
$3,379,557
$3.4M
Cap Rate 9%
$2,628,544
$2.6M
Market Conditions
NOI Build-Up for 20,027 SF
Gross rent
$420.6K $21.00/SF
− Vacancy
−$42.1K −$2.10/SF
EGI
$378.5K $18.90/SF
− OpEx
−$141.9K −$7.09/SF
NOI
$236.6K $11.81/SF
Area
Providence County, RI
Vacancy
10.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,731,380
Cap Rate 7%
$3,379,557
Cap Rate 9%
$2,628,544
Alternative Uses
Best Use
Mixed Use
$3.38M
$2.96M – $3.94M
NOI $236,569 @ 7.0% cap · market cap 7.91%
Second Best
Warehouse
$1.81M
$1.59M – $2.12M
NOI $126,906 @ 7.0% cap · market cap 4.24%
Theoretical Best
Multifamily LT 5
$4.76M
$4.17M – $5.56M
NOI $333,459 @ 7.0% cap · market cap 11.15%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
38
Businesses Nearby
Explore this area
Business Placement
Demographics for 02865, RI
17,902
Population
7,079
Households
2.5
Avg Household Size
45
Median Age
48%
College-Educated
92%
High-School Grad
16.5 sq mi
ZIP Area
1,085
Density / Sq Mi
$117,042
Median Household Income
$59,949
Median Earnings
$1,206
Median Rent
$427,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Providence County, RI
Properties on Market for Mixed-use properties in Providence County
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two connected levels combine office, showroom, retail, and warehouse areas under BL-0.5 zoning.
Where is this mixed-use property located?
The property is located at 1320 Eddie Dowling Highway Lincoln, RI.
What is the asking price?
The asking price for this property is $2,990,000.
What are key features of this property?
This property features: Approximately 20,027 square feet across two interconnected levels; Site spans more than 3 acres; 160‑foot communications tower and Cat‑5 wiring throughout
